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Standard quantity per unit of output..... 6.8 meters
Standard price......... $14.40

The following data pertains to operations concerning theproduct for the last month:

Actual material purchased...... 4,400 meters
Actual cost of material purchased.... $60,500
Actual material used in production ... 3,800 meters
Actual output... 400 units

What is the materials price variance for the month?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796762

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